Tortoise Global Water ETF
Schedule of Investments
August 31, 2026 (Unaudited)

COMMON STOCKS - 98.8%

Shares  

Value  
Canada Water Infrastructure - 2.8%

Stantec Inc.

            21,725

    $        1,583,976






France Water Infrastructure - 6.7%

Veolia Environnement SA

            101,004

             3,824,665






Hong Kong Water Equipment/Services - 0.1%

China Lesso Group Holdings Ltd.

            163,000

             75,382






Hong Kong Water Infrastructure - 1.3%

Beijing Enterprises Water Group Limited

            780,000

             166,181
CT Environmental Group Limited (a)(b)

            118,443

             0
Guangdong Investment Limited

            520,000

             587,106




             753,287






Japan Water Equipment/Services - 5.0%

Kitz Corporation

            15,000

             180,188
Kurita Water Industries Ltd.

            19,900

             1,007,145
LIXIL Corporation

            54,300

             601,974
Miura Co., Ltd.

            21,000

             421,972
Nomura Micro Science Co., Ltd.

            5,900

             130,372
Rinnai Corporation

            20,500

             465,565




             2,807,216






Japan Water Infrastructure - 1.1%

METAWATER Co., Ltd.

            4,600

             89,984
Organo Corporation

            4,600

             374,191
OYO Corporation

            3,400

             60,594
Tsukishima Holdings Co., Ltd.

            6,900

             121,889




             646,658






Switzerland Water Equipment/Services - 5.3%

Belimo Holding AG (b)

            1,870

             1,977,918
Georg Fischer AG

            14,685

             1,019,148




             2,997,066






Switzerland Water Management - 4.3%

Geberit AG

            3,415

             2,408,898






United Kingdom Water Equipment/Services - 2.0%

Genuit Group plc

            47,983

             179,446
Pentair plc

            15,657

             946,622




             1,126,068






United Kingdom Water Infrastructure - 9.0%

Pennon Group Plc

            89,902

             583,502
Severn Trent Plc

            50,468

             2,151,358
United Utilities Group PLC

            122,918

             2,383,378




             5,118,238






United States Water Equipment/Services - 24.0%

Core & Main, Inc. - Class A (b)

            18,227

             783,032


Ferguson Enterprises Inc.

            17,783

             3,992,461
Fortune Brands Innovations, Inc.

            11,557

             512,322
Primo Brands Corporation

            23,905

             545,512
Select Water Solutions, Inc.

            11,445

             223,177
Veralto Corporation

            26,136

             2,576,226
WaterBridge Infrastructure LLC - Class A

            3,732

             118,678
Xylem Inc.

            37,794

             4,161,497
Zurn Elkay Water Solutions Corporation

            14,386

             687,651




             13,600,556






United States Water Infrastructure - 11.1%

Advanced Drainage Systems, Inc.

            6,941

             942,102
Energy Recovery, Inc. (b)

            4,989

             38,465
Franklin Electric Co., Inc.

            3,681

             368,431
Gorman-Rupp Company

            2,020

             152,308
H2O America

            3,809

             241,376
Hayward Holdings, Inc. (b)

            19,338

             271,699
IDEX Corporation

            10,064

             2,301,033
Middlesex Water Company

            1,803

             104,574
Mueller Water Products, Inc. - Class A

            15,157

             365,890
NWPX Infrastructure Inc. (b)

            932

             102,445
Onterris, Inc. (b)

            3,255

             54,424
Otter Tail Corporation

            4,064

             367,670
Tetra Tech, Inc.

            25,142

             908,632
The York Water Company

            1,570

             53,506




             6,272,555






United States Water Management - 3.8%

A.O. Smith Corporation

            10,844

             641,206
Badger Meter, Inc.

            2,825

             382,703
Cadiz, Inc. (b)

            5,457

             21,664
Lindsay Corporation

            1,007

             115,714
Watts Water Technologies, Inc. - Class A

            2,657

             971,798




             2,133,085






United States Water Treatment - 7.9%

Ecolab Inc.

            15,751

             4,460,683






United States Water Utilities - 14.4%

American States Water Company

            3,796

             338,945
American Water Works Company, Inc.

            32,017

             4,425,710
California Water Service Group

            5,798

             289,726
Cia de Saneamento Basico do Estado de Sao Paulo SABESP - ADR

            402,898

             1,958,084
Consolidated Water Co. Ltd.

            1,457

             43,375
Essential Utilities, Inc.

            27,477

             1,131,228




             8,187,068
TOTAL COMMON STOCKS (Cost $51,685,170)

             55,995,401






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.8%
Shares  

Value  
First American Government Obligations Fund - Class X, 3.59% (c)

            456,117

             456,117
TOTAL MONEY MARKET FUNDS (Cost $456,117)

             456,117






TOTAL INVESTMENTS - 99.6% (Cost $52,141,287)

             56,451,518
Other Assets in Excess of Liabilities - 0.4%
0.00369
            208,864
TOTAL NET ASSETS - 100.0%




    $        56,660,382

Percentages are stated as a percent of net assets.



ADR - American Depositary Receipt
PLC – Public Limited Company



(a)

Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of August 31, 2026.
(b)

Non-income producing security.
(c)

The rate shown represents the 7-day annualized yield as of August 31, 2026.








Summary of Fair Value Disclosure as of August 31, 2026 (Unaudited)
 
Tortoise Global Water ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of August 31, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Common Stocks
    $        55,995,401

    $        –

    $        0

    $        55,995,401
  Money Market Funds
            456,117

            –

            –

            456,117
Total Investments
    $        56,451,518

    $        –

    $        0

    $        56,451,518


 

Refer to the Schedule of Investments for further disaggregation of investment categories.